Ethereum

Alpha

Bitcoin

Ethereum (ETH) is trading around $3,000, showing a modest gain over the last 24 hours. The price is still within a rising channel that began forming in November 2025. 
Despite the recent dip from levels near $3,400, buyers stepped in as ETH touched the lower range of the channel, keeping the broader trend intact. 
<h2 id="key-channel-holds-amid-pullback">Key Channel Holds Amid Pullback</h2> 
The current move follows a bounce from the $2,900–$2,950 zone. This area has provided support multiple times in recent months. The price remains below both the midline of the channel and the 50-day moving average, which sit between $3,060 and $3,100. A break above these levels could open the way toward the top of the channel, which is near $3,600–$3,700. 
Alpha Crypto Signal commented on the setup, <a href="https://x.com/alphacryptosign/status/2014281152333594695?s=20">saying</a>, 
<blockquote>
 “$ETH is holding above the channel support and quickly reacted from the lower boundary, which signals that buyers are still defending this trend aggressively.”
</blockquote> 
As long as the lower boundary holds, the current pattern remains valid. Another analyst, Batman, described the current area as a critical level for bulls, <a href="https://x.com/CryptosBatman/status/2014287424290222268?s=20">stating</a>, 
<blockquote>
 “It’s currently nearing its last line of defense… If there’s an area for Ethereum to rebound, this is it.”
</blockquote> 
<h2 id="eth-btc-nearing-key-support-area">ETH/BTC Nearing Key Support Area</h2> 
Ethereum’s position against Bitcoin has also come into focus. The ETH/BTC pair is resting just above 0.0327 BTC, a level marked as a higher-timeframe support zone. The price action has fallen below the 21-day moving average, which may signal short-term weakness. 
Michaël van de Poppe, founder of MNF Fund, noted the importance of a recovery, <a href="https://x.com/CryptoMichNL/status/2014289941405282753?s=20">stating</a>, 
<blockquote>
 “$ETH vs. $BTC continues to rest on an important support level here… the momentum needs to come back through reclaiming the 21-Day MA. That’s the most important part.”
</blockquote> 
<figure id="attachment_1426630" aria-describedby="caption-attachment-1426630" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2026/01/G_QI_OLX0AAv2NX.png"><img fetchpriority="high" decoding="async" class="size-full wp-image-1426630" src="https://cryptopotato.com/wp-content/uploads/2026/01/G_QI_OLX0AAv2NX.png" alt="ETH/BTC Price Chart " width="1200" height="674" srcset="https://cryptopotato.com/wp-content/uploads/2026/01/G_QI_OLX0AAv2NX.png 1200w, https://cryptopotato.com/wp-content/uploads/2026/01/G_QI_OLX0AAv2NX-300x169.png 300w, https://cryptopotato.com/wp-content/uploads/2026/01/G_QI_OLX0AAv2NX-1024x575.png 1024w, https://cryptopotato.com/wp-content/uploads/2026/01/G_QI_OLX0AAv2NX-768x431.png 768w, https://cryptopotato.com/wp-content/uploads/2026/01/G_QI_OLX0AAv2NX-90x51.png 90w, https://cryptopotato.com/wp-content/uploads/2026/01/G_QI_OLX0AAv2NX-150x84.png 150w, https://cryptopotato.com/wp-content/uploads/2026/01/G_QI_OLX0AAv2NX-1000x562.png 1000w, https://cryptopotato.com/wp-content/uploads/2026/01/G_QI_OLX0AAv2NX-900x506.png 900w, https://cryptopotato.com/wp-content/uploads/2026/01/G_QI_OLX0AAv2NX-800x449.png 800w, https://cryptopotato.com/wp-content/uploads/2026/01/G_QI_OLX0AAv2NX-700x393.png 700w, https://cryptopotato.com/wp-content/uploads/2026/01/G_QI_OLX0AAv2NX-600x337.png 600w, https://cryptopotato.com/wp-content/uploads/2026/01/G_QI_OLX0AAv2NX-500x281.png 500w, https://cryptopotato.com/wp-content/uploads/2026/01/G_QI_OLX0AAv2NX-400x225.png 400w, https://cryptopotato.com/wp-content/uploads/2026/01/G_QI_OLX0AAv2NX-200x112.png 200w, https://cryptopotato.com/wp-content/uploads/2026/01/G_QI_OLX0AAv2NX-100x56.png 100w" sizes="(max-width: 1200px) 100vw, 1200px"></a>
 <figcaption id="caption-attachment-1426630" class="wp-caption-text">
 ETH/BTC Price Chart 1.22. Source: Michaël van de Poppe/X
 </figcaption>
</figure> 
Beyond price action, Ethereum’s realized price for accumulation wallets is nearing the current market price. Analyst CW <a href="https://cryptoquant.com/quicktake/6971ddc1cbe161236f1397ff-Ethereum-is-approaching-a-strong-support-line">shared</a>, “The realized price of the $ETH accumulation address continues to rise and is approaching the current price. This indicates that accumulation is still ongoing.” According to on-chain trends, the $2,720 range has held up historically as a floor. 
Meanwhile, centralized exchange reserves are <a href="https://cryptopotato.com/eth-crashes-12-weekly-is-a-drop-to-2600-next/">dropping</a>. CryptoQuant data shows that ETH balances on exchanges have declined to 16.2 million, the lowest since 2016. Binance saw a reduction from 4.168 million to 4 million ETH since early January. Staking activity has also <a href="https://cryptopotato.com/ethereum-staking-surges-to-all-time-high-amid-institutional-wave/">increased</a>, reducing the liquid supply further. 
The post <a href="https://cryptopotato.com/ethereum-eth-at-the-brink-why-this-support-level-must-hold/">Ethereum (ETH) at the Brink: Why This Support Level Must Hold</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

Ethereum (ETH) at the Brink: Why This Support Level Must Hold

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